For many of us, one of our biggest fears is not being able to pay the mortgage or meet other financial commitments should we find ourselves made redundant or unable to work through illness or accident. While there are a number of ways in which you can protect yourself against loss of income, one of the more controversial forms of cover is payment protection insurance (PPI). What is PPI? PPI is designed... 

Payment Protection Insurance, (also known as PPI, Credit Protection Insurance, Loan Repayment Insurance) (NOT to be confused with Income Protection or Credit Card Cover) is an insurance product that is designed to cover a debt that is currently outstanding. This debt is typically in the form of a loan or an overdraft, and is most widely sold by banks and other credit providers as an add-on to the loan...